Decentralized Gold (XAU) and Silver (XAG) Perpetual Futures Listing on Helix

Decentralized Gold (XAU) and Silver (XAG) Perpetual Futures Listing on Helix

The XAU and XAG perpetual markets are now available on Helix! This marks the first time Gold (XAU) and Silver (XAG) derivatives have become available for the Injective community.

You can now trade XAU and XAG Perps on Helix with leverage, the premier on-chain derivatives exchange built on Injective. Read more below to find out more about RWAs on Helix, the benefits of trading XAU and XAG perpetual futures on Helix, and a step-by-step guide on how to start trading.

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Integrations of RWAs on Helix

The Helix 2.0 upgrade further introduces real-world assets (RWAs) as perpetual futures contracts, incorporating commodities like gold and silver. This expansion is made possible through a collaboration with FX market leader Cables Finance, enabling Helix to offer a more diversified and robust trading platform. 

Why Trade XAU and XAG Perps on Helix?

With a diverse array of upgrades, Helix 2.0 marks a significant milestone in the evolution of the protocol, introducing a host of cutting-edge features designed to enhance user experience and broaden trading capabilities. Helix provides completely unmatched exchange, trading bots, advanced order types, an intuitive Swap interface, individual profit and loss overview, and reward tracking to Injective users. Anyone can use Helix as a crypto cross-chain trading gateway with zero gas fees, best-in-class security, and lightning-fast speeds. 

Helix is the first platform to support XAU/USDT and XAG/USDT perpetual futures markets within the Cosmos ecosystem alongside new ways to earn with every trade.

Market Details 

XAU/USDT PERP Market Details 

  • Underlying market: XAU
  • Quote asset: USDT
  • Minimum price tick size: $0.01 USDT
  • Minimum quantity step: 0.0001 
  • Expire: Perpetual (no expiration)
  • Maximum leverage: 3X
  • Initial margin ratio: 33.0%
  • Maintenance margin ratio: 16.5%
  • Fee: -0.01% maker fee; 0.1% taker fee
  • Trading hours: 24/5

XAG/USDT PERP Market Details 

  • Underlying market: XAG
  • Quote asset: USDT
  • Minimum price tick size: $0.001 USDT
  • Minimum quantity step: 0.01 
  • Expire: Perpetual (no expiration)
  • Maximum leverage: 3X
  • Initial margin ratio: 33.0%
  • Maintenance margin ratio: 16.5%
  • Fee: -0.01% maker fee; 0.1% taker fee
  • Trading hours: 24/5

Note: To mirror the experience of real-world markets, trading financial instruments on Helix operates on a standard 24/5 schedule. Users are able to place, close, or open positions at any time, but mark prices will reflect the state of the market at opening times.

How to Trade XAU and XAG PERP on Helix? 

In order to trade XAU/USDT PERP and XAG/USDT PERP markets on Helix, you will need to have USDT in your Injective Wallet. The first step is to deposit assets to Injective.

Option 1: Bridge USDT from Ethereum to Injective 

  • Go to Injective Bridge and connect your wallet;
  • Select “Ethereum” from the dropdown menu as the origin source;
  • Select “USDT” as the asset to transfer and make sure it has USDT balance;
  • Enter the amount of USDT tokens you would like to transfer and click “Review Deposit” and “Confirm”;
  • Once the transfer is completed, you can check the USDT balance in your Injective Wallet or Account page on Helix. 

Option 2: Onboard with Fiat

  • You can also onboard onto Helix using popular fiat currencies by selecting from one of the fiat on-ramp providers such as Kado, Transak or Payfura.
  • Choose your payment currency (e.g. USD) and enter the amount in fiat you would like to swap;
  • Select Injective as the network to receive your payment amount; 
  • Follow the instructions and continue the steps;
  • Once the transaction is completed, you will see the USDT or INJ balance on Injective Wallet or Account page under Helix;
  • Swap INJ to USDT by using the Swap feature if needed, and then you are all set to trade! 

Trade on Helix

  • Go to the the XAU/USDT PERP or XAG/USDT PERP market on Helix;
  • Choose the side you want to trade on, either Buy (Long) or Sell (Short);
  • Then choose the type of order you want to trade, from Market, Limit, or more advanced types;
  • Enter the amount you want to trade and select your desired leverage;
  • Submit your order and approve it with your wallet; 
  • Once the order is approved successfully, you will see a notification “Your order has been placed.”


Upcoming Listings

Moving forward, Helix will continue to expand the markets available for users. All community members can propose to bring new assets to Helix using the governance portal on the Injective Hub. Ultimately, all INJ token holders own Injective so the community has the power to bring new assets to the dApp ecosystem.

Stay updated on all new listings by joining Helix on Twitter and Telegram

Useful Resources

  • How to create your Injective wallet: Link
  • Onboard onto Injective instantly with fiat: Link
  • Transfer assets to Injective via Injective Bridge: Link
  • A quick guide on how to make a trade on Helix: Link
  • Earn trading fee discounts by staking INJ: Link

This article is for informational purposes only and is not financial advice or an endorsement of a particular project or application. Use of Helix is subject to Helix’s Terms and Conditions. 

About Helix

Helix is the premier decentralized crypto exchange. Helix provides access to unlimited crypto assets and perpetual markets with market leading rebates. Best-in-class security, near zero fees, lightning fast speeds, cross-chain capabilities and a fully on-chain orderbook on Helix provide the optimal gateway to bring crypto trading to the masses. Helix is built on Injective, the interoperable layer one blockchain for building powerful exchange, DeFi, derivatives & Web3 applications.

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About Injective

Injective is a lightning fast interoperable layer one blockchain optimized for building the premier Web3 finance applications. Injective provides developers with powerful plug-and-play modules for creating unmatched dApps. INJ is the native token that powers Injective and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by prominent investors such as Jump Crypto, Pantera and Mark Cuban.

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